The idea of investing in Turkey has conquered the minds of foreigners looking for a fertile environment for capital, in which their investments can grow, leading to abundant profit along with many advantages and opportunities in a European country that has imposed itself as a significant regional power.
Turkey has been able to attract foreign investments in light of the incentives and facilities provided by the government to both foreign and local investors, not to mention the long history, strong economy and distinguished strategic location of the Republic of Turkey.
In this article by Rumeli Real Estate, we will address the most important areas and investment opportunities in Turkey, highlighting the advantages of investing in Istanbul and other cities, so continue reading…
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Investment areas in Turkey
Investment opportunities in Turkey include a variety of fields and sectors, the most important of which are:
1- Tourism investment in Turkey
Turkey is adorned with its beautiful nature from seas, lakes, plains, mountains and valleys, it is full of its ancient historical monuments that make up its neighborhoods, as well as forests and natural gardens of breathtaking beauty that purify oxygen for its visitors and residents of its cities.
Add to this the diversity of tourism in Turkish cities, there is religious, medical and recreational tourism, all of that and more, making Turkey one of the most important tourist countries in the world, and a fertile environment for foreign investments in this sector.
2- Health investment in Turkey
Plastic surgery became famous in Turkey, especially hair and dental implants as a result of the remarkable progress made by the medical sector in the country in recent years, at competitive prices that are much lower than the value of plastic surgery in European countries.
Accordingly, the value of foreign investments in the health sector in Turkey has increased, through the establishment of specialized beauty centers, equipped with the latest medical equipment and devices, under the auspices of a group of the most qualified doctors.
3- Agricultural investment in Turkey
If you have experience in the field of agriculture and land reclamation in Turkey, then agricultural investment is your way to make an abundant profit.
Turkish lands are suitable for growing different types of crops, due to its fertile and diverse soil with large areas, as well as the diverse climate, and available manpower, in addition to the support and facilities provided by the government to investors.
4- Industrial investment in Turkey
Spread in more than one Turkish city, huge industrial areas contain a group of factories that invest in various fields, such as the manufacture of tools: electrical, technical, sports, electronic, medical.
The country is flourishing in the manufacture of furniture, textiles and clothing, agricultural materials, vehicles and transport equipment, and Turkey is one of the best countries in the manufacture of ships and building materials.
investment in the industrial sector in Turkey comes in second place after investment in the real estate sector, in terms of safety and the guaranteed profit that the investor obtains.
Investing in Turkey
5- Real estate investment in Turkey
Real estate investment in Turkey tops the list of the best investments preferred by foreigners and Arabs, although it is a long-term investment, but it is the safest.
Areas of investment in the real estate sector in Turkey are diverse; there are apartments of all kinds, villas, lands, shops… some are ready for residence, and others are under construction. This creates many opportunities and options, offset by a price variance.
Among the privileges that you will get when owning a real estate of $400,000 or more is obtaining Turkish citizenship and the Turkish passport for you and your family.
Rumeli Real Estate provide you with a variety of residence options in the most prestigious neighborhoods of Istanbul, which meet the terms of the recent amendments to the Turkish Citizenship Law.
Advantages of investing in Turkey
Turkey enjoys a set of advantages that made it an ideal choice for the Arab and foreign investor, the most important of which are:
1- Strength of the Turkish economy
The Turkish economy ranks 23rd in the list of the largest economies in the world, with a gross domestic product of $692 billion, amid expectations that the gross domestic product will rise to $1.136 billion by 2027.
2- A privileged location linking east and west
Turkey takes a privileged position in the continents of Europe and Asia, as it is bordered to the north by the Black Sea, to the south by the Mediterranean Sea, and to the west by the Aegean Sea, making it easy to access European and Asian countries, as well as the Middle East and North African countries.
On the other hand, if we talk about the city of Istanbul specifically, we find that its geographical location attracts the largest proportion of foreign investments, until it has become the financial and commercial center in Turkey.
3- Rich history and wonderful nature
Republic of Turkey is distinguished by its ancient Ottoman history and Islamic civilization, which is reflected in the cultural and archaeological monuments spread in all its cities. It is also characterized by its diverse climate and captivating nature, which made it a favorite tourist destination for millions of tourists from all over the world.
4- Mega infrastructure projects
In recent years, Turkey has launched several major infrastructure projects, such as Istanbul’s third airport and the Istanbul Water Canal, which had a significant impact on increasing the investment value of real estate projects in nearby areas.
This is in addition to the modern infrastructure of bridges and transport lines, and the consequent launch of more metro and metrobus stations, which make it easier for travelers to move within cities and between Turkish provinces.
5- Government facilities and investment incentives
The Turkish government has provided investors with tax facilities and exemptions that will increase investments on its lands, including:
- Exempting some investors from customs duties.
- Reducing the value of taxes on investing in the real estate sector.
- The Turkish government subsidizes social insurance premiums for up to 10 years .
- Facilities on value-added tax resulting from construction fees.
- Obtaining Turkish citizenship through investment according to the announced conditions.
This was a quick overview of the most important areas of investment in Turkey, if you want to enter the Turkish investment market, contact Rumeli Real Estate team to get a free consultation on the investment that suits you…
If you want to buy a property in Turkey, we will be pleased offer you a group of the finest residential units that suit your living needs and correspond to your budget, and then help you to get real estate residency or Turkish citizenship after receiving the title deed and completing the purchase procedures… so Contact us now!!
Edited by: Rumeli Real Estate©
Sources: euronews
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